Trump Media abandons Truth Social spin-off, focuses on TAE merger
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/24/2026
- Wall St futures tick higher after tech rout; Mideast, tariffs in focus
- Intel jumps 10% after AI-fueled quarter crushes estimates, upbeat outlook
- Oil retreats from above $100, but set for weekly rise on Middle East escalation
- Meta’s new seller app hits eBay where it hurts most
- American Express down 2% in premarket trade after Q2 revenue miss offsets EPS beat
Trump Media & Technology Group and TAE Technologies Provide Update on Merger
June 10, 2026 8:30 AM EDTSARASOTA, Fla., June 10, 2026 (GLOBE NEWSWIRE) -- Trump Media & Technology Group Corp. (Nasdaq: DJT) (TMTG) and TAE Technologies, Inc. (TAE) today announced that they remain focused on completing their previously-announced merger (the TAE Merger) as soon as possible, with the goal of closing the transaction in the fourth quarter of 2026 or sooner.
Additionally, as previously disclosed on February 27, 2026, TMTG, TAE and Texas Ventures Acquisition III (Nasdaq: TVA) (Texas Ventures III) have been engaged in discussions regarding a potential spin-off of certain TMTG media assets, including Truth Social, into a new publicly... More
